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Strattec Security: Fiscal 1Q Earnings Snapshot

MILWAUKEE (AP) _ Strattec Security Corp. (STRT) on Thursday reported fiscal first-quarter net income of $1.2 million.

On a per-share basis, the Milwaukee-based company said it had net income of 33 cents. Earnings, adjusted for non-recurring costs, were 79 cents per share.

The maker of automotive locks and keys posted revenue of $120 million in the period.

Strattec Security shares have dropped 31% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.97, a drop of 37% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STRT at https://www.zacks.com/ap/STRT